Financial Performance - The group's revenue for the year ended December 31, 2024, was approximately HKD 24,000,000, a decrease of about 21.6% compared to HKD 30,600,000 in 2023[14]. - Gross profit for the year was approximately HKD 23,000,000, down from HKD 29,600,000 in 2023[17]. - The net loss for the year was approximately HKD 24,700,000, compared to a net profit of HKD 9,200,000 in 2023[17]. - The financial performance reflects the challenges faced in the market, necessitating strategic adjustments moving forward[17]. - The company reported a net loss of approximately HKD 24,700,000 for the year, a significant decline from a net profit of approximately HKD 9,200,000 in the same period last year[23]. - The company's total revenue decreased to approximately HKD 24,000,000, reflecting a decline of about 21.6% compared to HKD 30,600,000 in 2023[52]. Dividend and Shareholder Matters - The board of directors did not recommend the payment of a final dividend, consistent with the previous year[17]. - The board does not recommend the declaration of a final dividend for the year ending December 31, 2024[122]. - The company emphasizes effective communication with shareholders to enhance investor relations and understanding of business performance and strategy[123]. Corporate Governance - The company is committed to maintaining high standards of corporate governance to enhance management efficiency and protect shareholder interests[84]. - The company believes it has complied with all provisions of the GEM Corporate Governance Code for the year ending December 31, 2024, except for one provision regarding attendance at shareholder meetings[84]. - The board is committed to accountability and transparency in its operations[84]. - The board of directors is committed to enhancing shareholder value through effective governance and oversight of the company's operations[88]. - The company has established mechanisms for independent directors to express their opinions openly and confidentially[94]. Employee Matters - The employee costs, including director remuneration and retirement benefits, amounted to approximately HKD 6,600,000, an increase from HKD 5,300,000 in the previous year[73]. - The group has a total of approximately 18 employees as of December 31, 2024, down from 20 in the previous year[73]. - The overall employee turnover rate for the reporting period was 16.7%, with 3 employees leaving the company[174]. - The company has a total of 11 male and 7 female employees, reflecting a diverse workforce[172]. - 100% of senior management and other employees received training in the reporting period[183]. Environmental, Social, and Governance (ESG) Initiatives - The company is committed to sustainable development and considers various environmental and social factors in decision-making[130]. - The ESG report outlines the company's measures, plans, and performance in sustainable development, highlighting the importance of integrating ESG principles into risk management[125]. - The company will continuously assess the key environmental, social, and governance aspects of different businesses to determine their inclusion in the ESG report[128]. - Stakeholder engagement is crucial for business development and sustainable practices, with regular activities to maintain ongoing dialogue[132]. - The company has implemented various environmental measures to reduce carbon emissions and improve resource efficiency, including a target to reduce greenhouse gas emissions by 10% by 2030[166]. Risk Management and Compliance - The board is responsible for the effectiveness of the risk management and internal control systems, which were reviewed and deemed effective during the year[112]. - The company has established an anti-corruption policy for all employees, senior officers, and directors to comply with anti-corruption laws[196]. - All employees are prohibited from offering or receiving any form of bribes, commissions, or kickbacks under any circumstances[197]. - The group generally prohibits the payment of facilitation payments, with exceptions requiring prior board approval[198]. Financial Services and Market Position - The company has established a strong reputation in providing comprehensive financial services, including securities brokerage and asset management[12]. - The company aims to leverage its established market position to explore new growth opportunities in the financial services sector[12]. - The company aims to expand its financial services offerings and build long-term client relationships despite facing regulatory changes and intense competition[25]. - The outlook for the industry remains challenging due to economic and regulatory pressures, but the company is committed to risk management and sustainable growth strategies[29]. Asset and Liability Management - The total assets decreased to HKD 474,004,000 from HKD 478,246,000, indicating a decline of 0.5% year-over-year[19]. - The total liabilities decreased significantly to HKD 77,822,000 from HKD 91,241,000, a reduction of 14.7%[19]. - The company recorded loan interest income of approximately HKD 8,000,000 for the year, representing 33.1% of total revenue, an increase from 24.3% in the previous year[44]. - As of December 31, 2024, the company had outstanding loans and interest receivables of HKD 63,300,000, down from HKD 68,800,000 in 2023[44]. Audit and Financial Review - The annual report has been reviewed by the company's audit committee, ensuring compliance with GEM listing rules[3]. - The company is committed to transparency and accuracy in its financial disclosures, as confirmed by the board of directors[3]. - The external auditor's fees for audit services amounted to approximately HKD 700,000 for the year ending December 31, 2024, unchanged from the previous year[110].

Mas · V Bid V （於開曼群島註冊成立之有限公司） 股份代號 : 8226 中期報告 2024 香港聯合交易所有限公司（「聯交所」）GEM的特色 GEM的定位，乃為中小型公司提供一個上市的市場，此等公司相比起其他在聯交所上市的 公司帶有較高投資風險。有意投資的人士應了解投資於該等公司的潛在風險，並應經過審 慎周詳的考慮後方作出投資決定。 由於GEM上市公司普遍為中小型公司，在GEM買賣的證券可能會較於主板買賣的證券承受 較大的市場波動風險，同時無法保證在GEM買賣的證券會有高流通量市場。 香港交易及結算所有限公司及聯交所對本報告之內容概不負責，對其準確性或完整性亦不 發表任何聲明，並表明不會就本報告全部或任何部分內容而產生或因倚賴該等內容而引致 之任何損失承擔任何責任。 本報告（樹熊金融集團有限公司（「本公司」）各董事（「董事」）願共同及個別對此負全責）乃遵 照聯交所《GEM證券上市規則》（「GEM上市規則」）的規定而提供有關本公司的資料。董事 經作出一切合理查詢後確認，就彼等所知及所信：本報告所載資料在所有重大方面均屬準 確完整及沒有誤導或欺詐成分；及概無遺漏其他事宜，致使本報告中任何聲明或本報告 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈之內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公佈全部或任何 部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 （於開曼群島註冊成立之有限公司） （股份代號： 8226） 截至二零二四年六月三十日止六個月 中期業績公佈 樹熊金融集團有限公司（「本公司」）之董事（「董事」）會（「董事會」）欣然宣佈，本公 司及其附屬公司（統稱「本集團」）截至二零二四年六月三十日止六個月的未經審核 綜合業績。 本公佈列載本集團二零二四年中期報告全文，並符合香港聯合交易所有限公司（「聯 交所」）GEM證券上市規則（「GEM上市規則」）中有關中期業績初步公佈附載之資 料之要求。載有GEM上市規則規定資料之本公司二零二四年中期報告之印刷本將 於適當時候寄發予本公司股東。 本公司之中期業績公佈已登載於聯交所網站「www.hkexnews.hk」及本公司網站 「www.koala8226.com.hk」。 承董事會命 樹熊金融集團有限公司 主席 關加晴 香港，二零二四年八月十六日 1 於本公佈日期，董事會由五名董事（即執行董事辛懿錦女士及譚汐茵女 ...

Proceeds from Rights Issue - The net proceeds from the rights issue amount to approximately HKD 81,400,000[2] - Approximately HKD 72,000,000 of the proceeds is planned for use in expanding the group's financing business, which has seen a significant decrease in trading volume due to current market conditions[2] - About HKD 9,400,000 has already been utilized for general working capital purposes[2] - The board anticipates that the proceeds will be used by December 2024 or earlier[2] - The actual use of proceeds has not changed and aligns with the overall interests of the company and its shareholders[4]

Financial Performance - The company provided supplementary information regarding the financial performance for the fiscal year ending December 31, 2023[2]. Audit and Governance - The audit committee, consisting of independent non-executive directors, reviewed and discussed the financial reporting matters[2]. - The board of directors is composed of six members, including two executive directors and four non-executive directors[5]. Compliance and Disclosure - The announcement complies with GEM listing rules and confirms the accuracy and completeness of the disclosed information[6]. - The announcement will be available on the Hong Kong Stock Exchange website for at least 7 days[7].

Financial Performance - The group's revenue for the year ended December 31, 2023, was approximately HKD 30,600,000, representing an increase of about 30.2% compared to HKD 23,500,000 in 2022[11] - Gross profit for the year was approximately HKD 29,600,000, up from HKD 21,700,000 in 2022[11] - The net profit for the year was approximately HKD 9,200,000, a significant recovery from a net loss of HKD 57,900,000 in 2022[11] - The group reported a comprehensive income of HKD 7,745,000 attributable to the owners of the company for the year 2023[12] - The brokerage services revenue for 2023 was approximately HKD 22,600,000, a slight increase from HKD 19,100,000 in 2022, accounting for 74.0% of total revenue[29] - The company reported a net profit of approximately HKD 9,200,000 for the year, a significant improvement from a net loss of approximately HKD 57,900,000 in the previous year[16] Dividend Policy - The board of directors did not recommend the payment of a final dividend, consistent with the previous year[11] - The board does not recommend the declaration of a final dividend for the year ending December 31, 2023[118] - The company does not recommend distributing any dividends for the current year, consistent with the previous year[198] Assets and Liabilities - Total assets decreased slightly from HKD 478,246,000 in 2022 to HKD 474,004,000 in 2023, while total liabilities also decreased from HKD 91,241,000 to HKD 77,822,000[13] - The company's equity attributable to owners increased from HKD 379,004,000 in 2022 to HKD 391,465,000 in 2023[13] Revenue Sources - Interest income from margin financing increased due to a rise in margin receivables, contributing to the overall revenue growth despite challenges in the securities brokerage segment[18] - The lending segment saw a substantial increase in interest income, with receivables rising from approximately HKD 43,200,000 to approximately HKD 68,800,000[19] - The group recorded loan interest income of approximately HKD 7,400,000 for the year, representing 24.3% of total revenue, up from 16.6% in the previous year[38] Risk Management - The board acknowledges the challenging economic and regulatory environment ahead, emphasizing a focus on risk management and sustainable growth strategies[22] - The company remains cautious about credit risk and has adopted a conservative approach to evaluating and approving new loans[36] - The company will adjust credit policies based on market conditions and will regularly review the loan portfolio to manage credit risk effectively[62] Corporate Governance - The board is committed to high standards of corporate governance, believing it enhances management efficiency and protects shareholder interests[78] - The company has adopted a code of conduct for securities trading by directors, which complies with GEM Listing Rules[80] - The board includes experienced directors with backgrounds in finance, management, and media, enhancing the company's strategic oversight[69][70][71] Employee Engagement and Development - The company has implemented a comprehensive health and safety policy, resulting in zero work-related deaths or injuries during the reporting period[166] - 100% of senior management and 100% of management and other employees received training in 2023, compared to 43% in 2022[170] - The employee turnover rate for the reporting period was zero, with a total of 20 employees, an increase from 17 in the previous year[162] Environmental, Social, and Governance (ESG) Initiatives - The company integrates environmental, social, and governance (ESG) principles into its risk management system[122] - The company is committed to sustainable development and considers environmental and social factors in decision-making[127] - The company aims to reduce greenhouse gas emissions by 10% by the end of 2030 through various energy-saving initiatives[156] Community Engagement - The group has been focusing on community engagement through charitable activities, reflecting its commitment to social responsibility[8] - The company actively encourages employee participation in volunteer and charitable activities to contribute to the community[190] Shareholder Communication - The company emphasizes effective communication with shareholders to strengthen investor relations and understanding of business performance and strategies[119] - The company has established a shareholder communication policy to ensure timely and fair access to relevant information for shareholders and potential investors[110]

Company Overview - The company is listed on the GEM of the Hong Kong Stock Exchange under stock code 8226, focusing on providing comprehensive financial services including securities brokerage, underwriting, asset management, lending, and property investment[11]. - The company has established a strong reputation in the financial industry, positioning itself as a leading comprehensive financial group in Hong Kong[11]. - The company is an investment holding company, with details of its subsidiaries' main businesses included in the consolidated financial statements[200]. Financial Performance - The group's revenue for the year was approximately HKD 30,600,000, representing an increase of about 30.2% compared to HKD 23,500,000 in 2022[16]. - The net profit for the year was approximately HKD 9,200,000, a significant improvement from a net loss of HKD 57,900,000 in 2022[21]. - The total revenue for the year increased to approximately HKD 30,600,000, a growth of about 30.2% compared to HKD 23,500,000 in 2022[51]. - The company reported a net profit of approximately HKD 9,200,000 for the year, a significant recovery from a net loss of HKD 57,900,000 in the previous year[53]. - The group's total assets decreased slightly to HKD 474,004,000 in 2023 from HKD 478,246,000 in 2022[18]. - The total liabilities decreased to HKD 77,822,000 in 2023 from HKD 91,241,000 in 2022[18]. - The interest income from the margin financing business increased significantly, contributing to the overall profit growth[24]. - The brokerage service revenue for 2023 was HKD 1,061,000, down from HKD 2,658,000 in 2022[34]. - The margin financing revenue increased to HKD 18,534,000 in 2023 from HKD 9,958,000 in 2022[34]. - The company recorded loan interest income of approximately HKD 7,400,000 for the year, representing 24.3% of total revenue, an increase from 16.6% in the previous year[43]. - The company has made a provision for impairment losses of approximately HKD 4,400,000, compared to HKD 2,700,000 in the previous year, reflecting a more cautious approach to credit risk management[43]. - The company's cash and bank balances were approximately HKD 105,400,000, a decrease from HKD 161,200,000 in 2022[54]. - The company's debt-to-equity ratio was 1.4% as of December 31, 2023, down from 2.6% in the previous year, indicating improved financial stability[55]. Governance and Management - The board of directors consists of six members, including two executive directors and four independent non-executive directors, ensuring a diverse governance structure[3]. - The company emphasizes the importance of accurate and complete information disclosure in compliance with GEM listing rules, confirming that all statements are free from misleading elements[3]. - The board is committed to high standards of corporate governance, enhancing management efficiency and protecting shareholder interests[83]. - The company has adopted a code of conduct for directors' securities transactions, adhering to GEM listing rules[85]. - The independent non-executive directors possess relevant financial management expertise, ensuring proper oversight[93]. - The company has maintained a board diversity policy, achieving a gender ratio of 1:1 between male and female directors[102]. - The board reviews its practices annually and makes necessary adjustments to improve governance[84]. - The company has established mechanisms for independent directors to express their opinions openly and confidentially[94]. - The company has purchased appropriate liability insurance for directors to provide protection during legal proceedings[90]. - The company emphasizes continuous professional development for all directors to ensure informed contributions[97]. - The company has no CEO role; responsibilities are undertaken by board members[97]. Corporate Social Responsibility - The company is committed to corporate social responsibility, recently participating in the "2022/2023 Annual Million Walk" organized by the Hong Kong Community Chest[13]. - The company aims to attract new customers and ensure stable business flow through various advertising and public relations activities[13]. - The company has collaborated with local artists to support community engagement and enhance brand image, exemplified by the partnership with artist He Boxin for the illustration "Koala Trader"[14]. - The company emphasizes effective communication with shareholders to strengthen investor relations[124]. - The environmental, social, and governance (ESG) report outlines the company's commitment to sustainable development and risk management integration[127]. - Stakeholder engagement is considered essential for business development and sustainable practices[134]. - The company believes that a thriving work environment and community development contribute to sustained business growth[198]. Environmental Impact - Total greenhouse gas emissions for the reporting period were approximately 43.8 tons, with a per-employee emission of 2.19 tons[144]. - Gasoline consumption accounted for 29.90 tons of direct emissions, while electricity consumption contributed 10.69 tons of indirect emissions[144]. - The company implemented measures to reduce energy consumption, including turning off air conditioning at night and using LED lighting[144]. - The total amount of paper used per employee decreased from 0.21 tons to 0.16 tons[144]. - The group has set a target to reduce greenhouse gas emissions by 10% by the end of 2030 through measures to decrease gasoline consumption[161]. - The group aims to reduce paper and packaging usage by 30% by the end of 2030 through various automation processes[161]. - The group has implemented a "paperless system" concept by promoting electronic communications and workflows[154]. - The company has established environmental policies and procedures to manage resource usage effectively[153]. - The company has not produced any hazardous waste during its business activities[152]. - The group has adopted various environmental measures to minimize its operational impact, including energy conservation and waste management[158]. Employee and Labor Practices - Employee costs, including director remuneration and retirement benefits, amounted to approximately HKD 5,300,000 as of December 31, 2023, compared to HKD 5,200,000 in 2022[72]. - The group has increased its workforce to approximately 20 employees as of December 31, 2023, up from 17 in 2022[72]. - The employee turnover rate for the reporting period was zero, with a total of 20 employees at the end of the period, an increase from 17 employees in 2022[167]. - 100% of senior management and 100% of management and other employees received training in 2023, compared to 43% in 2022 for the latter group[175]. - Average training hours for male employees increased from 7.5 hours in 2022 to 10.3 hours in 2023, while female employees saw an increase from 6.6 hours to 14.7 hours[175]. - The company adheres to labor laws prohibiting child and forced labor, with no violations reported during the reporting period[177]. - The company maintains compliance with all relevant employment and labor regulations in Hong Kong during the reporting period[166]. Risk Management - The board is responsible for the risk management and internal control systems, which have been reviewed and deemed effective[112]. - The internal audit department evaluates the risk management and internal control systems through interviews and operational effectiveness tests[112]. - The group has implemented internal control measures for its lending business, including credit risk assessment and monitoring of loan portfolios[64][65]. - The group has a structured loan approval process, with senior management reviewing and approving loan applications based on creditworthiness[68]. - The company maintains a comprehensive risk management process that includes risk identification, assessment, valuation, and handling[112]. Compliance and Ethics - The company has established an anti-corruption policy to ensure compliance with anti-corruption laws across all employees and directors[187]. - No incidents of bribery, extortion, fraud, or money laundering were reported during the business operations in the reporting period[192]. - The company maintains strict compliance with product/service liability laws and regulations in Hong Kong[181]. - Customer assets are safeguarded in independent accounts, with strict adherence to regulatory measures for handling and protecting these assets[182].

Financial Performance - For the three months ended September 30, 2023, the company reported revenue of HKD 7,904,000, a 119% increase compared to HKD 3,596,000 in the same period of 2022[4] - The gross profit for the nine months ended September 30, 2023, was HKD 20,846,000, representing a 37% increase from HKD 15,195,000 in the previous year[4] - The company achieved a profit before tax of HKD 12,800,000 for the nine months ended September 30, 2023, compared to a loss of HKD 52,750,000 in the same period of 2022[4] - The net profit attributable to owners of the company for the three months ended September 30, 2023, was HKD 2,557,000, a significant recovery from a loss of HKD 22,244,000 in the same quarter of 2022[5] - The total comprehensive income for the nine months ended September 30, 2023, was HKD 10,614,000, compared to a loss of HKD 44,055,000 in the same period of 2022[5] - The total revenue for the nine months ended September 30, 2023, was HKD 21,486,000, compared to HKD 16,581,000 in 2022, reflecting a 29% increase[15] - The net profit for the nine months ended September 30, 2023, was approximately HKD 10,600,000, a recovery from a net loss of approximately HKD 44,100,000 in the previous year[37] Earnings Per Share - The company reported a basic and diluted earnings per share of HKD 0.61 for the three months ended September 30, 2023, compared to a loss per share of HKD 14.59 in the same period of 2022[5] - Basic earnings per share for the three months ended September 30, 2023, was HKD 2,557,000, a significant recovery from a loss of HKD 22,244,000 in the same period of 2022[18] Revenue Sources - Interest income from margin financing increased to HKD 13,487,000 for the nine months ended September 30, 2023, up from HKD 6,557,000 in 2022, marking a 105% growth[15] - The revenue from the securities brokerage business for the nine months ended September 30, 2023, was HKD 15,384,000, compared to HKD 13,838,000 in 2022, indicating an 11% growth[25] - The revenue contribution from the margin financing segment was approximately 71.6% for the current period, down from 83.5% in the previous year[27] - The company recorded loan interest income of approximately HKD 5,700,000 for the nine months ended September 30, 2023, compared to HKD 2,400,000 in 2022, representing a 138% increase[32] Share Issuance and Dividends - The company issued 278,335,994 shares at a subscription price of HKD 0.3 per share, raising approximately HKD 81,416,000 after deducting related transaction costs[6] - The company did not declare an interim dividend for the nine months ended September 30, 2023, consistent with the previous year[21] Risk Management and Business Strategy - The company has adopted a more conservative approach in assessing and approving new loans to mitigate credit risk amid economic volatility[32] - The group aims to continue developing existing businesses while exploring new business areas and investment opportunities[38] - The group will maintain strict risk control and enhance internal management to provide better returns for shareholders[38] Investment and Property - The board is actively seeking suitable commercial properties in Hong Kong to expand the investment property portfolio, including opportunities in retail and industrial properties[35] - The group held a listed equity investment portfolio with a fair value of approximately HKD 53,100,000 as of September 30, 2023, down from HKD 71,700,000 in 2022[34] Fair Value Loss - The group reported a fair value loss on listed securities of approximately HKD 600,000, significantly improved from a loss of approximately HKD 59,300,000 in the same period of 2022[37] - The fair value loss in 2022 was primarily due to a significant decline in the investment value of Hong Kong Aerospace Technology Group Limited, amounting to approximately HKD 52,300,000[37] Shareholder Information - As of September 30, 2023, the major shareholder, Ms. Wong Ka Man, holds 79,600,089 shares, representing 19.07% of the issued share capital[41] Compliance - The financial statements have been prepared in accordance with Hong Kong Financial Reporting Standards, ensuring compliance with applicable regulations[10] Business Focus - The company continues to focus on its core business areas, including securities investment and financial services[11] - The company has not reported any significant new product developments or market expansions during this quarter[4]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈之內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公佈全部或任何 部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 （於開曼群島註冊成立之有限公司） （股份代號：8226） 截至二零二三年九月三十日止九個月 第三季度業績公佈 樹熊金融集團有限公司（「本公司」）之董事（「董事」）會（「董事會」）欣然宣佈，本公 司及其附屬公司（統稱「本集團」）截至二零二三年九月三十日止九個月的未經審核 綜合業績。 本公佈列載本集團二零二三年第三季度報告全文，並符合香港聯合交易所有限公 司（「聯交所」）GEM證券上市規則（「GEM上市規則」）中有關第三季度業績初步公 佈附載之資料之要求。載有GEM上市規則規定資料之本公司二零二三年第三季度 報告之印刷本將於適當時候寄發予本公司股東。 本公司之第三季度業績公佈已登載於聯交所網站「www.hkexnews.hk」及本公司網 站「www.koala8226.com.hk」。 承董事會命 樹熊金融集團有限公司 ...

Financial Performance - Total revenue for the six months ended June 30, 2023, was HKD 13,582,000, an increase of 4.6% compared to HKD 12,985,000 for the same period in 2022[4] - Gross profit for the six months ended June 30, 2023, was HKD 13,163,000, representing a 11.4% increase from HKD 11,816,000 in the previous year[4] - The net profit attributable to the owners of the company for the six months ended June 30, 2023, was HKD 6,911,000, compared to a loss of HKD 23,120,000 in the same period of 2022[6] - Basic and diluted earnings per share for the six months ended June 30, 2023, were HKD 1.66, a significant improvement from a loss of HKD 15.17 in the previous year[6] - The adjusted profit before tax for the six months ended June 30, 2023, was HKD 8,799 thousand, a recovery from a loss of HKD (26,129) thousand in the same period of 2022[26] - The company reported a net profit of HKD 7,642 thousand for the six months ended June 30, 2023, compared to a net loss of HKD (22,041) thousand in the prior year[26] - The group recorded a net profit of approximately HKD 7,600,000 for the six months ended June 30, 2023, a significant improvement from a net loss of HKD 22,000,000 in the same period of 2022[66] - The group’s total revenue increased to approximately HKD 13,600,000 for the six months ended June 30, 2023, a 4.6% increase from HKD 13,000,000 in 2022[66] Assets and Liabilities - Total assets as of June 30, 2023, were HKD 385,709,000, a decrease from HKD 414,053,000 as of December 31, 2022[8] - The company's net asset value increased to HKD 394,647,000 as of June 30, 2023, compared to HKD 387,005,000 at the end of 2022[10] - The company’s total liabilities decreased to HKD 61,383,000 as of June 30, 2023, from HKD 88,024,000 at the end of 2022[10] - The total assets as of June 30, 2023, were HKD 462,236 thousand, down from HKD 478,246 thousand as of December 31, 2022[29] - The total liabilities decreased to HKD 67,589 thousand as of June 30, 2023, from HKD 91,241 thousand at the end of 2022[29] - The total liabilities for accounts payable to clearing houses and cash clients decreased to HKD 48,046,000 as of June 30, 2023, from HKD 68,316,000 as of December 31, 2022, reflecting a reduction of approximately 29.6%[45] Cash Flow and Financing - For the six months ended June 30, 2023, the net cash used in operating activities was HKD (51,496) thousand, a significant decline from HKD 9,660 thousand in the same period of 2022[13] - The company’s financing activities used HKD 5,005 thousand in cash for the six months ended June 30, 2023, compared to HKD (1,247) thousand in the previous year[13] - The company’s cash and cash equivalents decreased by HKD 55,441 thousand during the six months ended June 30, 2023, compared to an increase of HKD 8,424 thousand in the same period of 2022[13] - Interest income from bank deposits for the six months ended June 30, 2023, was HKD 1,050 thousand, a significant increase from HKD 11 thousand in the same period of 2022[26] - For the six months ended June 30, 2023, the total loan interest income was approximately HKD 3,500,000, representing 25.7% of the group's total revenue, compared to HKD 1,700,000 and 13.3% in 2022[61] Revenue Segments - The company’s financial services segment generated revenue of HKD 9,844 thousand for the six months ended June 30, 2023, down from HKD 11,005 thousand in the previous year[25] - Total revenue from brokerage services for the six months ended June 30, 2023, was HKD 9,844,000, a decrease from HKD 11,005,000 in the same period of 2022, reflecting a decline of about 10.6%[54] - Margin financing revenue increased to HKD 8,495,000 for the six months ended June 30, 2023, compared to HKD 4,366,000 in 2022, marking an increase of approximately 94%[54] Accounts Receivable - Accounts receivable from cash clients increased to HKD 38,593,000 as of June 30, 2023, from HKD 18,790,000 as of December 31, 2022, representing a growth of approximately 105.5%[41] - The total accounts receivable from margin clients was HKD 87,084,000 as of June 30, 2023, slightly up from HKD 83,145,000 as of December 31, 2022, indicating an increase of about 4.4%[41] Corporate Governance and Compliance - The audit committee has reviewed the unaudited financial results for the six months ended June 30, 2023, and confirmed compliance with applicable accounting standards[90] - The company has adhered to the corporate governance code throughout the six-month period ending June 30, 2023[88] - There have been no changes in director information that require disclosure since the last annual report[89] - The board of directors consists of six members, including two executive directors and four non-executive directors[91] Strategic Plans and Risk Management - The company plans to expand its margin financing services to enhance revenue from brokerage and margin financing, which is expected to be a key growth driver[56] - The group aims to explore new business areas and investment opportunities while strictly controlling risks and enhancing internal management[67] - The group maintained a cautious approach to lending, focusing on borrowers with good credit ratings due to economic volatility caused by the pandemic[60] Other Information - The company did not recommend the payment of an interim dividend for the six months ended June 30, 2023, consistent with the previous year[40] - The company reported no significant capital commitments as of June 30, 2023, indicating a stable financial position[49] - The group did not record any bad debts during the reporting period[61] - The company has not authorized any directors or key executives to profit from the acquisition of company shares or bonds during the period[83] - There are no interests held by directors or management shareholders in any competing businesses[84] - The company and its subsidiaries did not purchase, sell, or redeem any listed securities during the period[85] - The company has adopted a code of conduct for directors' securities trading, which complies with the GEM Listing Rules[86] - The report will be published on the Hong Kong Stock Exchange website for at least seven days from the publication date[91]